Stock for all Seasons
Amazon has taken center stage of the international stock market. Some key players in the daily trading markets deem Amazon shares as a must in trader portfolios. It all started back in 2007 with the going rate of $34 per share. Right now, the stocks are about $1485. If you have not made the most of the opportunity by now, you have already missed your chance at the jackpot. A lot of traders from the initial days of Amazon have earned quite a bang for the buck. Simply due to the skyrocketing prices of the company shares.
There are quite a few thousand traders out there, who bought the initial shares for peanuts and are now sitting on thousands of dollars. Shares of companies like Amazon provide the ideal chance for long-term investment. Some people refuse to sell their shares even in a strong bull market. This attracts a lot of skepticism from the experts, who believe that Amazon’s sudden rise will be ephemeral. This is the best time to sell off the high priced shares to make the best of the opportunity.
According to Tuna Amobi of CFRA, “Amazon has shown strong resilience to the drop in prices as we are seeing in case of certain tech shares after the holiday season. We think the company will ride into 2018 with full gusto”. This comes after Amazon announced their intention to introduce new products, services, and Prime membership programs. The new services from the team should increase the prices per share. Amobi says, the target price per share can rise to $1600 in 2018, and it will be a stable price wavered by the seasonal aspects of the share market.
Just like the other bulls, Amobi believes that the actions and decisions of Amazon founder and CEO Jeff Bezos will decide the company’s future and the ultimate share prices. It has been his habit to keep the brand active and to move. Very recently, there were whispers about the brand coming up with a full healthcare range. The company has a dedicated customer base, and the launch of new products always helps in strengthening the brand image and securing customer loyalty. Amazon products come with inherent trustworthiness and reliance. This paves a prosperous path for the company as well as for the people investing in their shares.
John Blackledge of Cowen thinks that Amazon shares might even be worth $1700 this year. He is obviously one of the bulls, who believe that the company capable of challenging the $1.3 trillion grocery market has the power to ride this bull out until at least the end of this year. The multi-platform approaches the company has, allows them to reach customers from different nations.
People from all over the world have shown interest in buying and investing in Amazon shares at least once in their entire trading experience. Amazon share prices in Australia has gone up significantly in the last quarter. This is quite apparent from the way Amazon’s sales increased by over 38% in the last quarter of 2017.
Amazon has some analysts and traders in a tizzy, due to the frequent launches of new products and increase in share prices. Several experts are predicting the growth of Amazon’s net sales to go up from $227.5 billion to $232.9 billion. Share market analysts and investment firms have to adjust their stock price targets and net earnings estimates thanks to the quick rising prices of the shares.
Is Amazon Out of Fuel?
Irrespective of what the naysayers are trying to tell you, Amazon is showing no sign of slowing down. 2018 might be the year the bull market plateaus. however, the dedicated followership of Amazon will keep the market price of the company shares high for quite a few years to come. It will still be a productive investment, and we do not see a lot of investors selling off their old shares during the upcoming end-of-bull days.
This is especially relevant after Amazon has announced about their logistics and freight (shipping) services for their clients and customers. This was not as surprising as Amazon’s decision to partner with JPMorgan Chase and Berkshire Hathaway for creating a new non-profit tech-based consumer health service.
Even with the current volatility of the market, Amazon’s share prices continue to rise. Keeping the upcoming changes, services and solutions in mind, it is quite safe to say that investing in Amazon shares or not selling these shares you might already own is going to be a good decision for the long run.